it doesn't matter who mines them it matters who holds them while they appreciate. Most of the major miners out there must turn around and sell their PTS to cover their expense
That's where you're wrong. It DOES matter who mines them. Because if you get 10,000 small guys mining a bit and making some coin they'll stick around and support your project. If you get 10 guys sucking up all the resources with vast cloud mining pools you'll have nobody to support you. As soon as the financial opportunity dries up those 10 guys will dump their PTS and move on. You'll end up being the leader of a broken down crypto experiment that nobody cares about any more.
If you don't get the wide base of supporters in the beginning your project is doomed. I hope you figure out some way to make it work. Maybe on the next DAC you should focus all your efforts on trying to make it accessible to the millions of CPU miners at home who don't want to compete with botnets. Figure out a way to block cloud miners and botnets and you'll become the king of cryptos.
what do you think dumping means?
it means selling to other people: the new supporters
Two profound observations:1. We would love to please everybody.
2. You can't please everybody.
Everybody has a different definition of "fair", usually meaning "what works best for them."
The momentum algorithm was the result of a lot of R&D and bounties to come up with a "more fair" solution and to achieve the goal of
maximum decentralization.
Our Prime Directive. Maximum decentralization inherently means "benefit the little guys".
We will continue to search for better ways to achieve this goal and sponsor bounties to stimulate community research toward that end.
But this is an arms race. People with great resources will always find a way to out-compete those who don't. Every move we make will have counter moves. We will then make counter-counter moves.
Because Distributed Autonomous Corporations are not incorruptible if they are not distributed and autonomous.
Centralization is the enemy of everything we stand for.
And fighting it is more important to us than personal wealth.